General Ledger Business Processes

Business processes listed below are discussed in the business process section of this General Ledger documentation:

• Create and process journal entries.

• Create and process interunit and intraunit transactions.

• Build summary ledgers.

• Close ledgers.

• Process multiple currency.

• Create and process Average Daily Balance (ADB).

• Create and process open items.

• Consolidate financial data.

• Maintain standard budgets.

• Monitor background processes.

• Review financial information.

• Archive tables.

• Generate regulatory ledger reports.

• Create XBRL documents.

• Generate general reports.

• Generate federal reports.

• Create and process allocations.

• Generate statutory reports.

• Create and process Commitment Control transactions in General Ledger.

• Create and process entry event transactions.

• Process subsystem journals using Journal Generator.

• Import and process spreadsheet journal entries.

• Import and process transactions from a flat file.

• Enter and process statistical transactions.

• Enter and process Value Added Tax (VAT) transactions.

• Approve journal entries for processing.

• Perform account reconciliation.

• Run General Ledger background processes.